[ad_1] Zug – Backed Finance has made a bold move in the world of decentralized finance, launching its tokenized version of Coinbase stock ($bCOIN) on the Base network. Available for seamless trading on CoW Swap and supported by a dedicated pool on Aerodrome, this milestone brings traditional financial assets into the decentralized era, offering 24/7 access to tokenized equities on the blockchain.—Backed’s $bCOIN provides a legally compliant, 1:1 backed representation of Coinbase stock, designed for easy transferability and trading without intermediaries. This is a pivotal moment for on-chain finance, demonstrating Backed’s ability to lead the way in the evolving landscape…
Author: NBTC
[ad_1] Pi Network, the smartphone mining project that claims to have 60 million users, released its native PI token Thursday giving traders a roller-coaster ride that saw the price rise 18% in minutes before tumbling 50% over the next two hours. PI debuted at $1.70 at 09:00 UTC, rising to as high as $2.00. It was recently trading at $0.97. The initial surge sent the fully diluted value (FDV) to as high as $195 billion — almost double the value of the Solana blockchain’s SOL. The FDV is based on the maximum supply of a token, 100 billion in this…
[ad_1] Renowned investor Robert Kiyosaki, also known for authoring a popular book on finance management titled “Rich Dad Poor Dad”, has published yet another “giant crash” prediction and highlighted his firm belief in Bitcoin as a key asset in the market. According to a recent tweet, the popular author and podcaster also revealed his “after-the-crash plan”—he intends to buy more Bitcoin. Over the past 24 hours, the world’s primary cryptocurrency has added 1.65%, recovering from $96,870 to $98,540, where it is changing hands at the time of writing this. Kiyosaki will not sell his Bitcoin if BTC crashes Financial guru…
[ad_1] Shares of bitcoin (BTC) miner Core Scientific (CORZ) were down 15% in pre-market on Thursday after reports that Microsoft (MSFT) has pulled back from some agreements with soon to listed cloud computing firm CoreWeave. Last month, Core Scientific said it was planning a $1.2 billion data center expansion with CoreWeave. This week, CoreWeave filed for an intital public offering, hoping to raise $4 billion at a $35 billion valuation. According to an FT article, CoreWeave, which supplies artificial intelligence (AI) computing power to Microsoft, was facing delivery issues and missed deadlines, causing the tech giant to reduce its commitments,…
[ad_1] A major Solana ($SOL) investor has been making big moves. In just two days, the whale staked 134,482 SOL, worth $22.85 million. Lookonchain reports that the investor pulled $7.98 million worth of 47,154 SOL from Binance just few hours before. The staking process followed after the investment of the entire funds. This whale withdrew another 47,154 $SOL($7.98M) from #Binance 10 hours ago and staked it.In the past 3 days, this whale has withdrawn a total of 134,482 $SOL($22.85M) from #Binance and staked it.https://t.co/jPXp5mjB5n pic.twitter.com/QBZZb1S9pJ — Lookonchain (@lookonchain) February 20, 2025 SOL Whale Withdrawals Strengthen Market Sentiment This whale has…
[ad_1] Bitcoin’s price recovery above $100,000 may continue to face significant resistance as its exchange reserve continues to rise. The trend indicates that more coins are being moved to exchanges, likely for onward sales. This puts more downward pressure on BTC’s price and keeps it further from breaking above the critical $100,000 mark. Bitcoin’s Exchange Reserves Surge, Raising Sell-Off Fears Data from CryptoQuant shows a steady uptick in BTC’s exchange reserve since February 6. As of this writing, 2.47 million BTC are held in exchange wallets, noting a 1% surge since the beginning of the month. Bitcoin Exchange Reserve. Source:…
[ad_1] The International Monetary Fund recently concluded that Namibia should not issue a retail central bank digital currency at this time. Namibia Lacks Resources to Pursue CBDC The International Monetary Fund (IMF) mission to Namibia recently concluded that there are no compelling reasons for the Southern African nation to issue a retail central bank digital currency (CBDC). Instead, the mission stated that the instant payment solutions (IPS) currently being developed by the Bank of Namibia (BON) are better positioned to address affordability and interoperability issues. In its recently published report, the IMF argues that major financial institutions operating in Namibia…
[ad_1] While quantum computing poses a threat to Bitcoin’s security, banks have multiple defenses in place to prevent a widespread collapse, River’s Leishman says. The debate over whether quantum computers could threaten Bitcoin (BTC) is heating up once again, with River CEO Alexander Leishman arguing that Bitcoin is at greater risk than traditional banking systems. It is VERY fair to debate the timeline of a quantum threat to Bitcoin. I’m personally quite skeptical it’s a near-term problem.However, a lot of people are saying “everything will break with QC, including the entire banking system, so if Bitcoin breaks everything does”. This…
[ad_1] This is a segment from the Empire newsletter. To read full editions, subscribe. Here’s a fun exclusive for you this morning: Seismic, an encrypted blockchain, raised $7 million in a round led by a16z Crypto, with participation from Polychain, Alliance and 1kx, among others. This was the first fundraising effort for founder Lyron Co Ting Keh, given that Seismic was his first startup. The idea, he said, came from wanting to start his own company. As he spoke to various app developers, it became clear that “you need encryption to be in the foundation of the chain and not…
[ad_1] Dog-themed cryptocurrency Shiba Inu recently experienced a remarkable surge in its burn rate, a strategy aimed at lowering SHIB’s total supply while potentially increasing long-term value. However, after a period of increase, Shiba Inu’s burn rate has now taken a breather, settling at just 1.97% in the last 24 hours. According to the Shibburn X account, 15,050,787 SHIB were burned in the last 24 hours, marking a 1.97% increase in the daily SHIB burn rate. The day before last saw a 795.3% surge in burn rate, while the last seven days saw 94,207,386 SHIB burned, contributing to a 59.37%…